Yashvi Diam B.V. is committed to conducting its business with integrity and in full compliance with applicable anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations. This policy outlines our approach to preventing financial crime.
What is Money Laundering?
Money laundering is the process of disguising the origins of illegally obtained funds to make them appear legitimate. It typically involves three stages: Placement, Layering, and Integration.
AML Commitment
Yashvi Diam B.V. adheres to local and international AML regulations, implementing stringent measures to prevent money laundering and other financial crimes.
Customer Due Diligence (CDD)
We verify the identity of customers, conduct enhanced due diligence (EDD) for high-risk transactions, and continuously monitor activities to detect suspicious transactions.
Record-Keeping
We maintain accurate records of customer identification, transactions, and due diligence reports, ensuring compliance with legal requirements.
Monitoring & Reporting Suspicious Activities
Our transaction monitoring systems detect unusual patterns, and we report suspicious activities to the relevant authorities as required by law.
Employee Training & Awareness
Our employees receive regular AML training and are encouraged to report suspicious activities through a secure and confidential process.
Risk-Based Approach
We assess and manage AML risks based on business nature, customer profiles, and geographic locations, with regular internal audits.
Responsibilities & Enforcement
All employees and stakeholders must comply with this AML Policy. Non-compliance can result in severe legal and financial consequences.
Contact Us
For any AML-related inquiries or concerns, please contact our Compliance Officer.
YASHVI DIAM
We have grown from strength to strength over the years, expanding beyond our core diamond manufacturing business to Diam.
